Ivan Yotzov, Philip Bunn, Nicholas Bloom, Paul Mizen and Gregory Thwaites Inflation in 2023 remains elevated across many advanced economies. Existing studies have considered the contribution of profits to persistently high inflation in the US, euro area and UK. To add to this debate, we recently asked firms in the Decision Maker Panel about their … Continue reading Profit margins and firm price growth: evidence from the Decision Maker Panel
expectations
The Federal Reserve Bank of New York’s November 2022 SCE Labor Market Survey shows a rise in the average reservation wage—the lowest wage respondents would be willing to accept for a new job—to $73,667, its highest level since the series began in 2014. Respondents’ satisfaction with wage compensation, non-wage benefits, and promotion opportunities at their current job all improved in November compared to July. Regarding expectations, the average expected wage offer (conditional on receiving one) also increased and reached a new high.
by Kean Birch* Unicorns are private companies valued at over US$1 billion. The term was first used by venture capitalist Aileen Lee in 2013 and has since become a cultural trope of its own. According to the business analytics firm CB Insights, there were close to 1,000 unicorns in the world at the end of […]